Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. โWe will not have to have sold all the gasโ at final investment decision (FID), he said.
โWith higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.โ
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids โ primarily water and condensate โ and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
Senegal will join the Gas Exporting Countries Forum (GECF) today as an observer, before graduating to full membership next year with the start of LNG exports.
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Eiffage Gรฉnie Civil Marine have completed the central platform of the hub for the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal.